AMAG Pharma closes deal for North America rights to Rekynda
US drugmaker AMAG Pharmaceuticals (Nasdaq: AMAG) has announced the closing of the licensing agreement with Palatin Technologies (NYSE MKT: PTN).
Under the terms of the deal, AMAG gains exclusive North American commercial rights to Rekynda (bremelanotide), an investigational product developed for on-demand treatment of hypoactive sexual desire disorder (HSDD) in pre-menopausal women.
Palatin has successfully completed two Phase III clinical trials for Rekynda, with co-primary endpoints met. AMAG expects to file a New Drug Application (NDA) for Rekynda in early 2018, with an anticipated approval and launch by early 2019.
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